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Sacramento Market Reports

Sacramento Office Market Report

Average Asking Rent (Price/SF)             $1.94
Vacancy Rate (%)             12.7%
Net Absorption (SF)           18,624

The Sacramento office market maintained its positive momentum, posting just under 20,000 square feet of positive net absorption in the second quarter of 2018. Year-to-date, the Sacramento market has posted nearly 600,000 square feet of positive net absorption. This marks the seventh consecutive quarter of positive net absorption and a continuation of the positive office market statistics posted in 2017. The vacancy rate held stable at 12.7%, which is 2.8 percentage points lower than a year ago.

Sacramento Industrial Market Report

Average NNN Asking Rent (Price/SF)        $0.54
Availability Rate (%)         5.1%
Net Absorption (SF)   818,687

The positive momentum of the Sacramento industrial market continued through the second quarter of 2018, which marked the ninth consecutive quarter of both positive net absorption and declining vacancy. The market continued the push, posting strong leasing and sales activity amid declining vacancies and a diminishing supply of industrial space. Leasing activity in the past two quarters has been hot, and competition among tenants for leasable warehouse space is at an all-time high. Owner-user sales and investment sales were solid, with asking rates below replacement cost and interest rates as low as ever. This was another busy quarter with respect to both leasing and sales volume, as tenants, owner users and investors were anxious to lease or purchase buildings. Given the demand of tenants and buyers, fueled by tightening inventory, rents and property values will continue to increase, and a lack of industrial property in the market will frustrate a growing number of tenants and buyers through the rest of 2018 and well into 2019.



Sacramento Office Market Report
2Q18
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Sacramento Industrial Market Report
2Q18
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